Question: Questions about quickbooks, please help me! I need help desperately! What is an amortization schedule used for? A To show how much of a loan

Questions about quickbooks, please help me! I need help desperately!

What is an amortization schedule used for?

A To show how much of a loan payment goes to the principal and how much goes to pay interest.

B To apply standard accounting rules specifying material vs. immaterial assets.

C To set rules for which asset purchases will be recorded as assets.

D To track the value of a fixed asset over time.

An artist in Wisconsin has sold a painting to a gallery in Saskatchewan. The gallery will be paying in Canadian dollars rather than U.S. dollars. Where in the Customer information window can the artist indicate the currency type this customer pays in?

A Notes tab

B Payment and billing tab

C Additional Info tab

D Language tab

You want all of your purchase orders to carry a special message for every customer. Where do you access the Default message on purchase order field in order to enter the text for the message?

A Account and Settings window, Expenses tab, Purchase orders section

B Custom Form Styles window, Sales tab, click on New Styles

C Accounting window, Recurring Transactions section, click on Reminder List

D Accounting window, Reconcile tab

Why should you set a closing date for your file after you have closed an accounting period?

A To determine the fiscal year for the business.

B Because without a closing date, the system will not save transactions to the correct period.

C Because the file will require it before you can generate any reports.

D To limit changes to past saved entries.

From the Account and Settings window, where do you go to activate the QuickBooks multicurrency feature?

A Sales

B Usage

C Expenses

D Advanced

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